Shipping and logistics company Neptune Orient Lines (NOL) scored two distinctions at the recently held IDC Asia/Pacific CIO Summit in Singapore.
NOL's Shipment Optimizer initiative earned for the company the IDC-Enterprise Innovation Awards (Singapore) while company CIO Wu Choy Peng was named 'CIO of the Year'.
Research firm IDC said this was the first time since the awards' inception five years ago that one organisation had won both awards.
The Shipment Optimizer was recognised for bringing efficiency to NOL's complex supply chain network. NOL's supply chain arm, APL logistics, implemented Shipment Optimizer, a Web-based technology platform that automates the planning process, supports critical decision making, and ensures that shipment planning is optimised to address customers' requirements.
IDC said the Shipment Optimizer was the first product of its kind in the market.
What makes it innovative to merit the awards is its algorithms that can help customers decide on the best ocean route and lead time; maximise container utilisation; and save on shipment costs. The system can run on thousands of seaports and cargo airports worldwide.
IDC said the CIO Award was presented to one CIO across the Asia Pacific each year with the winner being selected based on his or her "ability to envision, plan and execute on individual IT strategies within their organisations".
Wu was honoured for her leadership skills and for encouraging implementations of innovative technologies that keep the company competitive.
"It's an honour to be recognised by IDC for IT innovation and excellence," said Wu. "A solid IT foundation is vital to delivering new capabilities within an organisation to drive growth and industry leadership in customer experience and service excellence."
Wu has been the company CIO since 2006 in which capacity she oversees the development, design and implementation of information technology (IT) systems and processes, and ensures that daily business processes are streamlined for customers worldwide.
"The IDC-Enterprise Innovation Awards is a platform to showcase the technology innovations that have enabled or led the way to the success of organisations. We are delighted to see more and more nominations coming in from enterprises across the region, and are pleased to see Neptune Orient Lines win the Singapore award and NOL's CIO win the 'CIO of the Year' award," said Tim Dillon, associate vice president, Asia/Pacific end-user and mobility research, and head of the panel of judges.
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